Non-profit organizations and events are more common than you might think. From church picnics to school carnivals and family festivals, these events not only provide a way to raise money, but also foster an atmosphere of fun, community, and goodwill. However, with the growth of non-profit events come some unique risks.
Non-profit organizations such as churches, schools, and volunteer clubs face different types of risks than other types of business. This is because they are not in it to make a profit, but to fulfill the mission of the organization. Non-profit organizations can work with insurance agencies to prevent a financial strain on their organization when a loss occurs. Here are some insurance products it can purchase.
General Liability Insurance
Non-profits are under a lot of scrutiny these days, and the last thing they need on top of that is to get sued or have someone hurt at one of their events. For this reason, they need to get liability insurance that will handle lawsuits and pay for any medical expenses incurred by a third party due to an accident at one of their events. Directors and officers liability insurance are one of the most important types of coverage for non-profits because it can protect the directors, volunteers, and employees from personal lawsuits that arise from their association with the organization.
Property Protection for Non-Profits
Non-profit organizations, whether they be churches, PACs, or community groups, are dedicated to helping their communities. However, they’re sometimes at risk of property theft and vandalism from people who see the non-profits as an easy target. Protecting your building or other assets against these risks is vital for your organization’s well-being.
NGOs work with a lot of volunteers which puts their property at risk. These includes valuables such as artwork and equipment that are donated by trusting donors. By getting property protection non-profits can reduce their losses if theft or accident happens.
Group Health Insurance for Employees
In order to help boost the productivity and morale of your Non-profit organization, you should consider offering your employees health insurance. Group Health insurance includes coverage for preventive care, hospital stays, and prescription medication. You are also able to include dental and vision coverage at discounted pricing with limited waiting periods.
Providing these additional benefit also helps with employee retention which has a positive effect with client relationships. Your Non-profit organization needs as much help as they are able to get, as salaries are usually lower than what for-profit companies are able to pay. These value added benefits, help show your employees that they truly matter to your organization.
Get Insurance for Your NGO
If you are running an NGO or about to set up a non-profit organization, one of the first decisions you will be faced with is getting the right insurance. These will help protect against lawsuits that may result from an accident or injury taking place at your non-profit organization.
We at Integrity Now Insurance Brokers can help. Our professional church insurance brokers help churches and NGOs in Arizona, California, Colorado, Nevada, Ohio, Texas, and Washington get the best insurance products by placing you with church property insurance companies to match their needs. Our variety of services includes NGO insurance, church property insurance, church liability insurance, workers’ compensation insurance, and more. We help ensure all types of NGOs including those related to religion and arts and culture.